Subscribe to Our Newsletter
Tuesday July 05, 2022
Bitcoin (BTC) $19,463.35   Ether (ETH) $1,099.72
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
CryptoNinjas
Home Networks & Protocols

Tether to launch British Pound Sterling (GBP)-pegged token in early July

GBP₮ will be a stable digital asset that is pegged 1:1 to the British Pound Sterling (GBP)...

Published by CryptoNinjas.net
06/22/2022
Tether to launch British Pound Sterling (GBP)-pegged token in early July

Tether, the blockchain-enabled stablecoin platform, today has announced that it will be launching Tether tokens (GBP₮) pegged to the British Pound Sterling in early July.

Initial blockchain support will include Ethereum.

The newly launched GBP₮ will join four other fiat-currency pegged tokens Tether has in the market: the U.S. dollar-pegged USD₮, the Euro-pegged EUR₮, the offshore Chinese Yuan-pegged CNH₮, as well as the recently launched MXN₮, the Mexican Peso-pegged stablecoin.

British Pounds on the blockchain via GBP₮ will provide a faster, less costly option for asset transfers. GBP₮ will be built by the team of developers behind Tether USD₮ and operate under tether.to.

Tether + GBP

In April of this year, The UK Treasury announced plans to make the country a global crypto hub.

According to its website, the government will also make moves to see stablecoins recognized as a valid form of payment. This initiative, paired with hundreds of millions of people using crypto around the world, makes the United Kingdom a prime location for the next wave of industry innovation.

“We hope to help lead this innovation by providing crypto users worldwide with access to a GBP-denominated stablecoin issued by the largest stablecoin issuer. Tether is ready and willing to work with UK regulators to make this goal a reality and looks forward to the continued adoption of Tether stablecoins.”
– Paolo Ardoino, CTO of Tether

52
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Tether stablecoins now available on the Tezos blockchain ecosystem

06/09/2022
Tether stablecoins now available on the Tezos blockchain ecosystem

Tether.to, the company operating the blockchain-enabled stablecoin platform, announced it will launch Tether tokens on Tezos, the upgradable proof-of-stake  (PoS) blockchain. “We’re excited to launch USD₮ on Tezos, offering its growing and vibrant community...

Read more

Tether’s USDt now live on Polygon network

05/27/2022
Tether's USDt now live on Polygon network

Tether, the company operating the blockchain-enabled stablecoin platform, announced it has now launched the Tether token (USDt) on Polygon (formerly MATIC), the Ethereum blockchain scaling and development platform. The addition of Tether to the...

Read more

Tether tokens (USDt) now live on Hermez Network layer-2 solution

04/19/2021
Tether tokens (USDt) now live on Hermez Network layer-2 solution

Tether, the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization, today announced that Tether tokens (USDt) are live on Hermez Network, a decentralized zero-knowledge rollup (zk-rollup). USDt is...

Read more

Tether (USDt) to launch on Polkadot and Kusama

04/06/2021
Tether (USDt) to launch on Polkadot and Kusama

Tether, the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization, announced it will launch Tether tokens (USDt) on Polkadot, a scalable multi-chain network. Before deploying on Polkadot, the...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Router Protocol launches its modular cross-chain bridge: Voyager

Router Protocol launches its modular cross-chain bridge: Voyager

06/29/2022
Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

06/30/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

06/30/2022
Societe Generale – FORGE selects METACO to manage blockchain asset capabilities

Societe Generale – FORGE selects METACO to manage blockchain asset capabilities

06/30/2022
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy